More or less: how to estimate the value of an apartment before renting it out

09.09.2020

More or less: how to estimate the cost of an apartment before renting out

Having dared to rent an apartment, one of the first questions that arises before the owner is: what price to put? Where to evaluate an apartment? After all, you want to properly evaluate the housing, and find a future tenant as soon as possible.

In order to objectively assess the value of an apartment, you can seek help from experts — many real estate agencies provide such a service. You can also find online calculators on the Internet, created specifically for calculating the average cost of real estate both for rent and for sale.

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And of course, you can decide for yourself what price to set. After all, no online program can know all the subtleties and nuances better than you. Estimating the cost of renting an apartment is a very important stage that needs to be approached with great care. By the way, if you are thinking about buying real estate, we recommend that you contact us professional luxury real estate agency THE Capital.

What affects the cost of an apartment for rent

The cost of housing depends on many factors. Some can raise the price, and some, on the contrary, lower it. What should be taken into account for an objective assessment of housing:

  • location: of course, in central areas the price of housing is much higher than in bedrooms;
  • floor: the higher the floor on which the apartment is located, the higher its cost;
  • the presence of a loggia or balcony - these factors also allow you to set a higher price;
  • apartment area, number of rooms;
  • type of house: if it is a new building, then you can safely set the price higher. The cost of renting an apartment in an old building depends on the quality of communications;
  • view from the window: a panoramic view certainly raises the price;
  • availability of parking spaces;
  • quality of design and availability of furniture, appliances: logically, the more expensive the design and appliances in the apartment, the higher the rental price should be;
  • infrastructure development both at home and in the district;
  • lease terms: it is customary to reduce the price if the tenants are ready to make an advance payment for a long term, for example a year.

Let's sum up

Try to evaluate the condition of the apartment as fairly as possible and set the price taking into account the nearest infrastructure, the presence of all the necessary equipment in the apartment, the size of the living space, the condition of the house. In addition, you can compare average rental prices by reading ads on thematic sites. Also consider the economic state of the market and seasonality. If no matter what, you are not left with doubts and you do not dare to name this or that number, and you still ask how to evaluate the apartment, contact an experienced real estate agency.

Read alsoWhat is a housing mortgage in Ukraine.

THE Capital experts will not only help set the price, but also quickly find the first tenants. With us, the evaluation of the apartment rent will be done quickly and without significant expenditure of time. Was the publication interesting and useful? Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.

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